Welcome to our dedicated page for Helen Of Troy news (Ticker: HELE), a resource for investors and traders seeking the latest updates and insights on Helen Of Troy stock.
Helen Of Troy Ltd (NASDAQ: HELE) is a prominent global consumer products company known for its innovative solutions and diverse range of brands. The company operates through two primary segments: Home & Outdoor and Beauty & Wellness. The Home & Outdoor segment features products for food preparation, cooking, cleaning, organization, and outdoor activities like hydration, food storage, backpacks, and travel gear. Their Beauty & Wellness segment offers a variety of mass and prestige market beauty appliances, liquid-based hair and personal care products, and wellness devices such as thermometers, humidifiers, and air filtration systems.
Helen Of Troy has established a strong market position with brands like OXO, Hydro Flask, Osprey, Vicks, Braun, Honeywell, PUR, Hot Tools, and Drybar. The company emphasizes new product innovation, superior product quality, and competitive pricing, which contribute to its leadership in the consumer products market.
Recent Achievements: Helen Of Troy consistently updates its product line to meet consumer needs. For instance, Vicks®, a licensed brand, launched VapoPads Sinus, a new formula designed to provide symptomatic relief for sinus and allergy sufferers. This product aligns with the company’s goal to enhance consumer wellness by leveraging essential oils like menthol, chamomile, and citrus.
Financial Condition: Helen Of Troy has maintained a robust financial profile, supporting its strategic initiatives and continued growth. The company’s diversified brand portfolio and focus on high-quality, innovative products contribute to its sustained financial health.
Partnerships and Projects: In recent news, Osprey Packs, part of Helen Of Troy’s brand family, celebrated its 50th anniversary by introducing new high-performance carry solutions and expanding its Pro Series and Extended Fit lines. Osprey’s commitment to sustainability is evident through its products carrying the bluesign® certification, which ensures they meet stringent safety and environmental standards.
Helen Of Troy continues to make strides in its respective markets, driven by a commitment to quality, innovation, and consumer satisfaction. For more information, visit helenoftroy.com.
Helen of Troy Limited (NASDAQ:HELE) reported a robust 28.6% increase in consolidated net sales revenue to $541.2 million for Q1 FY2022, driven by strong performance in Beauty and Housewares. Adjusted EPS rose 37.5% to $3.48, despite a $13.1 million charge for EPA compliance costs. Operating income stood at $64.8 million, reflecting 12.0% of net sales. The company anticipates a revenue decline of 5.5% to 8.0% for FY2022 due to the EPA matter, with projected consolidated diluted EPS of $6.80 to $7.49. Helen of Troy remains focused on long-term strategic growth amid inflationary pressures.
Helen of Troy Limited (NASDAQ: HELE) will host a conference call on July 8, 2021, at 9:00 a.m. Eastern Time to discuss its first quarter fiscal year 2022 results. Prior to the call, a press release detailing these results will be issued before market open. The call will feature CEO Julien R. Mininberg and CFO Brian Grass. Interested analysts can participate by dialing (877) 407-3982. A webcast will also be available on the company’s investor relations page.
Helen of Troy Limited (NASDAQ: HELE) has sold its mass market Personal Care business, excluding Latin America and the Caribbean, to HRB Brands LLC for $44.7 million. This deal allows HRB Brands the option to purchase the Latin America and Caribbean segments by the end of fiscal year 2022. The proceeds will be used to enhance shareholder value through debt reduction, strategic acquisitions, or share repurchases. CEO Julien R. Mininberg emphasized this move aligns with their focus on eight Leadership Brands, which represent over 80% of sales in fiscal year 2021.
Hydro Flask, a brand under Helen of Troy Limited (NASDAQ: HELE), announces a $100,000 sponsorship for the Girl Scouts of the USA (GSUSA) to support the Girl Scouts Love the Outdoors Challenge. This initiative aims to encourage over 25,000 girls to engage in outdoor activities this summer. Additionally, Hydro Flask will provide over $265,000 in reusable insulated products to GSUSA. The program promotes environmental awareness and outdoor leadership among girls, aligning with Hydro Flask's commitment to increasing access to public lands.
On May 18, 2021, OXO, a trusted brand from the Housewares segment of Helen of Troy Limited (NASDAQ: HELE), announced the launch of a new product line, OXO Outdoor. This line focuses on enhancing outdoor cooking and cleaning experiences with durable, thoughtfully designed tools. Products will be available exclusively at REI starting May 2021. The initial assortment includes ten outdoor-specific items, priced between $5.95 and $24.95. OXO aims to address unmet needs in the outdoor market while committing 1% of annual sales to environmental nonprofits as part of its sustainability efforts.
Helen of Troy Limited (NASDAQ: HELE) reported strong fourth-quarter results with a 15.1% increase in consolidated net sales revenue, totaling $509.4 million, despite a $15 million impact from Winter Storm Uri. Leadership Brand net sales rose 20.2%, and online sales grew 30%. GAAP diluted EPS improved to $0.90, whereas non-GAAP adjusted EPS was $1.57. For fiscal 2021, net sales rose 22.9%, with GAAP EPS increasing to $10.08. The company remains optimistic for fiscal 2022, targeting adjusted EPS growth amid ongoing challenges.
Helen of Troy Limited (NASDAQ: HELE) has announced a conference call scheduled for April 28, 2021, at 9:00 a.m. Eastern Time, to discuss its fourth quarter and fiscal year 2021 results. Prior to the call, a press release with detailed financial results will be released. The call will feature CEO Julien R. Mininberg, CFO Brian Grass, and SVP Jack Jancin. Investors can participate by dialing (877) 407-3982 or joining the live webcast on the company’s investor page. A replay of the call will be available until May 5, 2021.
Hydro Flask, a brand of Helen of Troy Limited (NASDAQ: HELE), announced its 2021 Parks for All grant recipients, donating over $400,000 to 15 non-profit organizations aimed at enhancing access to public parks globally. Since 2017, the initiative has contributed over $1.9 million and supported 122 non-profits. The program prioritizes funding for organizations led by Black, Indigenous, and Latinx communities, reflecting a commitment to equitable access to green spaces. Key projects this year include grants to the National Park Foundation and Groundwork USA.
Helen of Troy Limited (NASDAQ: HELE) announced participation in two virtual conferences in January 2021. On January 12, CEO Julien Mininberg and senior executives will host a fireside chat at the 23rd Annual ICR Conference at 2:30 p.m. ET, available via webcast. The following day, at the CJS 21st Annual New Ideas for the New Year Conference, investor meetings will take place. Helen of Troy is a leading global consumer products company, known for brands like OXO, Hydro Flask, and Braun.
Helen of Troy Limited (NASDAQ: HELE) reported a 34.3% increase in consolidated net sales revenue for the quarter ending November 30, 2020, totaling $637.7 million. The company also noted a 20.5% rise in adjusted EPS to $3.76.
Noteworthy highlights include a 30.3% organic business growth and substantial increases across all business segments. The company anticipates crossing $2 billion in sales for the fiscal year and forecasts EPS growth of $2.20 or more. However, SG&A expenses rose, impacting operating margins, which decreased to 15.8%.
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